Fine fragrance sales help reach 33% profits
French luxury products group LVMH has confirmed a strong upsurge in both sales and profitability in the first half of 2010. Sales went up 16% to €9.09bn, confirming the first quarter trend when the group achieved growth of some 13%. Profits rose 33% to around €1.8bn with margins moving up 2.5% to 19.9% compared with 17.5% in the same period of 2009.
Sales of cosmetics and fragrances increased by 10% in first half, led by Dior, Givenchy and Guerlain while sales in the selective distribution sector from Sephora, DFS and Bon Marché improved by 13%.